10-Q Filing

TRADEWEB MARKETS INC. CIK: 1758730 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001758730-22-000018`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	tw-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 78 Cash Flow Statement 80 Stockholders Equity 57 Comprehensive Income 48

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$273.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$117.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$959.72M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$1.65M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivable from brokers and dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	-	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$25.99M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$20.52M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $117 and $273 at June 30, 2022 and December 31, 2021, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$155.43M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $117 and $273 at June 30, 2022 and December 31, 2021, respectively	`AccountReceivableExcludingReceivableFromBrokersAndDealersAndClearingOrganizationsNetOfAllowance`	$129.94M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$35.30M	USD	Point-in-time
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$31.06M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$26.91M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$20.50M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$156.20M	USD	Point-in-time
Software development costs, net of accumulated amortization	`CapitalizedComputerSoftwareNet`	$148.48M	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.18B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$1.13B	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$5.81M	USD	Point-in-time
Receivable from affiliates	`DueFromAffiliates`	$3.31M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$638.57M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$618.97M	USD	Point-in-time
Other assets	`OtherAssets`	$76.36M	USD	Point-in-time
Other assets	`OtherAssets`	$84.00M	USD	Point-in-time
Total assets	`Assets`	$5.99B	USD	Point-in-time
Total assets	`Assets`	$5.99B	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	$1.64M	USD	Point-in-time
Payable to brokers and dealers and clearing organizations	`PayablesToBrokerDealersAndClearingOrganizations`	-	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$154.82M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$90.77M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$24.93M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$23.86M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$39.78M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$38.83M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$24.33M	USD	Point-in-time
Lease liabilities	`OperatingLeaseLiability`	$29.92M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$3.36M	USD	Point-in-time
Payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$4.86M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$20.27M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$21.01M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$412.45M	USD	Point-in-time
Tax receivable agreement liability	`TaxReceivableAgreementLiability`	$409.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$681.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$618.77M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 250,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.42B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$304.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$242.62M	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.71B	USD	Point-in-time
Total stockholders equity attributable to Tradeweb Markets Inc.	`StockholdersEquity`	$4.65B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$663.35M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$655.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.99B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.99B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$534.24M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$260.84M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$297.14M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$608.62M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$98.45M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$109.89M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$202.07M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$227.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$82.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$89.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$27.50M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$13.96M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$16.03M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$31.81M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$8.79M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$17.91M	USD	2 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$7.60M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$12.25M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$10.37M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.57M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.43M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.10M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.62M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.37M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.66M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.16M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$190.53M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$390.42M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$177.05M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$352.12M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$83.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$106.61M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$218.21M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$182.12M	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$-325.00K	USD	1 Quarter
Net interest income (expense)	`InterestIncomeExpenseNet`	$-818.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$94.00K	USD	2 Qtrs
Net interest income (expense)	`InterestIncomeExpenseNet`	$541.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$218.30M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$107.15M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$181.30M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.26M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.50M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.23M	USD	1 Quarter
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.74M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$24.62M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.92M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.26M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$55.32M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$68.34M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$151.31M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$123.17M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	200.41M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	201.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	204.28M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.37M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	207.27M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	206.25M	shares	2 Qtrs

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$82.83M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$89.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$34.67M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$23.17M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$30.55M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$28.75M	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$709.00K	USD	2 Qtrs
Receivable from/payable to brokers and dealers and clearing organizations, net	`IncreaseDecreaseInBrokerageReceivables`	$3.00K	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$5.67M	USD	2 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$-8.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.18M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.64M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$3.93M	USD	2 Qtrs
Receivable from/payable to affiliates, net	`IncreaseDecreaseDueFromAffiliates`	$5.63M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$254.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.06M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-61.92M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-45.32M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-966.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.24M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.82M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	$-1.92M	USD	2 Qtrs
Employee equity compensation payable	`IncreaseDecreaseInEquityCompensationPayable`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$204.01M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$223.31M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$208.86M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.54M	USD	2 Qtrs
Purchases of furniture, equipment, software and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.82M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$18.26M	USD	2 Qtrs
Capitalized software development costs	`PaymentsForSoftware`	$16.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-234.37M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.09M	USD	2 Qtrs
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	$51.12M	USD	2 Qtrs
Share repurchases pursuant to the Share Repurchase Program	`PaymentsForRepurchaseOfCommonStock`	$56.32M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$7.62M	USD	2 Qtrs
Proceeds from stock-based compensation exercises	`ProceedsFromStockOptionsExercised`	$67.54M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$32.71M	USD	2 Qtrs
Dividends	`PaymentsOfOrdinaryDividends`	$32.17M	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$4.47M	USD	2 Qtrs
Distributions to non-controlling interests	`PaymentsOfCapitalDistributionToNoncontrollingInterest`	$4.75M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.43M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$97.98M	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$8.99M	USD	2 Qtrs
Payments on tax receivable agreement liability	`PaymentsOnTaxReceivableAgreementLiability`	$6.85M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-80.51M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.13M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$819.00K	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-9.42M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-12.33M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.06M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	USD	Point-in-time
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$5.33M	USD	2 Qtrs
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$-204.00K	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesValue`	-	USD	2 Qtrs
Unsettled share repurchases included in other liabilities	`UnsettledShareRepurchasesValue`	$555.00K	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$959.72M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$973.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$792.28M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash shown in the statement of cash flows	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$960.72M	USD	Point-in-time

Stockholders Equity 57 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.20B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$10.46M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-7.45M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-71.59M	USD	1 Quarter
Tax receivable agreement liability and deferred taxes arising from LLC Interest ownership exchanges and the issuance of common stock from equity incentive plans	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiabilityAndDeferredTaxesReorganizationTransactionAndIpo`	$-38.68M	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`StockRepurchasedDuringPeriodValue`	$9.00M	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`StockRepurchasedDuringPeriodValue`	$51.68M	USD	1 Quarter
Share repurchases pursuant to the Share Repurchase Program	`StockRepurchasedDuringPeriodValue`	$47.32M	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Adjustments to non-controlling interests	`MinorityInterestIncreaseDecreaseFromAdjustments`	-	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.50M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.57M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.97M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.18M	USD	1 Quarter
Dividends	`Dividends`	$16.14M	USD	1 Quarter
Dividends	`Dividends`	$16.36M	USD	1 Quarter
Dividends	`Dividends`	$16.03M	USD	1 Quarter
Dividends	`Dividends`	$16.35M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$288.00K	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$766.00K	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.24M	USD	1 Quarter
Stock-based compensation expense under the Option Plan	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.23M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$45.46M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$98.00M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.40M	USD	2 Qtrs
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$95.76M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.97M	USD	1 Quarter
Payroll taxes paid for stock-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.22M	USD	1 Quarter
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.78M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$703.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$360.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.68M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.37B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.20B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.29B	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$179.04M	USD	2 Qtrs
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$81.56M	USD	1 Quarter
Net income	`ProfitLoss`	$81.60M	USD	1 Quarter
Net income	`ProfitLoss`	$97.44M	USD	1 Quarter
Net income	`ProfitLoss`	$147.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$66.23M	USD	1 Quarter
Foreign currency translation adjustment, tax benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.78M	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$703.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.10M	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-343.00K	USD	1 Quarter
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$360.00K	USD	2 Qtrs
Foreign currency translation adjustments, with no tax benefit for each of the three and six months ended June 30, 2022 and 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.68M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.68M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$360.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$703.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-13.78M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$148.16M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$66.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$165.27M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.92M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.74M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$24.62M	USD	2 Qtrs
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.92M	USD	1 Quarter
Less: Net income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.26M	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.24M	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$46.00K	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.77M	USD	2 Qtrs
Less: Foreign currency translation adjustments attributable to non-controlling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$92.00K	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$123.49M	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$59.90M	USD	1 Quarter
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$139.30M	USD	2 Qtrs
Comprehensive income attributable to Tradeweb Markets Inc.	`ComprehensiveIncomeNetOfTax`	$55.93M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$55.32M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$68.34M	USD	1 Quarter
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$151.31M	USD	2 Qtrs
Net income attributable to Tradeweb Markets Inc.	`NetIncomeLoss`	$123.17M	USD	2 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$314.00K	USD	2 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-12.01M	USD	2 Qtrs
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$611.00K	USD	1 Quarter
Foreign currency translation adjustments attributable to Tradeweb Markets Inc.	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.44M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.02M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.01M	USD	1 Quarter
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$24.67M	USD	2 Qtrs
Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$25.97M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.